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Asian ADRs Move Higher in Tuesday Trading


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American depositary receipts of Asian stocks were trading 1.25% higher at 155.42 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by wealth management firm Jupai Holdings ( JP ) and brand and marketing firm Acorn ( ATV ), which rose 7.2% and 3.9% respectively. They were followed by fabless semiconductor company Himax Technologies ( HIMX ) and online sports lottery service provider 500.com ( WBAI ), which were up 3.7% and 2.9%.

The decliners in North Asia were led by digital and mobile healthcare platform 111, Inc. ( YI ) and wealth management company Noah Holdings (NOAH), which fell 4.7% and 3.5% respectively. They were followed by online direct sales provider LexinFintech (LX) and online consumer finance marketplace PPDAI (PPDF), which were down 3.2% a 1.7%.

In South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and automaker Tata Motors (TTM), which rose 2.3% and 1.5% respectively. They were followed by ICICI Bank (IBN) and HDFC Bank (HDB), which were up 1.7% and 1%.

Telecommunications operator PLDT (PHI) was the only decliner in South Asia, falling 0.4%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , Stocks
Referenced Symbols: JP , ATV , HIMX , WBAI , YI



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